Apologies if I'm reposting something that has been answered many times before. It's my first post here.
I've been contracting for around 9 months now and have started to build up a nice buffer in my company account. My question is, what is the best thing to do with the profits. My bank offers savings accounts with pretty much non-existant interest rates. I would have though trying to put this money to work would be the right thing to do.
I'm not adverse to a little risk either, like investing in a fund/tracker/stocks (I do this personally already). But.....I'm not if that's possible for a LTD company, or if it is, where to start.
Any advice from others would be greatly appreciated.
I've been contracting for around 9 months now and have started to build up a nice buffer in my company account. My question is, what is the best thing to do with the profits. My bank offers savings accounts with pretty much non-existant interest rates. I would have though trying to put this money to work would be the right thing to do.
I'm not adverse to a little risk either, like investing in a fund/tracker/stocks (I do this personally already). But.....I'm not if that's possible for a LTD company, or if it is, where to start.
Any advice from others would be greatly appreciated.
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